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April 8, 2011

Plenty of investment opportunity in Laos and Cambodia

Laos and Cambodia
introduced a series of investment projects to Vietnamese enterprises at a
recent conference hosted by Vietnam-Laos-Cambodia Economic Development
and Cooperation Association (VILACAED) in Hanoi.
The Head of Economic
Development and Cooperation Committee with Cambodia Le Van Tuy said
among major projects calling for investment in Cambodia, of the most
noteworthy are the manufacturing of electric cables, the building of an
Olympic stadium worth 156 million USD, a special economic zone and a
500-hectare land terminal in the area between Cambodia’s Ratanakiri
provinces and Gia Lai of Vietnam.

VILACAED Chairman Lai Quang Thuc said that Vietnamese enterprises should
take full advantage of the fact that Vietnamese consumer goods are very
popular in Laos to invest in commodities production and distribution in
the neighbouring country.

He added that from now till 2015, Vietnamese enterprises should focus
their investments on the fields of industry, forestry and service in
Laos.

According to the Ministry of Planning and Investment, over the past
time, the number of Vietnam’s projects and investment capital in Laos
and Cambodia has increased rather quickly.

Vietnam has invested in 195 projects in Laos with a total registered
capital of US$3.95 billion and 87 projects in Cambodia with a combined
capital of US$1.9 billion.
By February, 2011, Laos and Cambodia ranked top among 55 countries and
territories as Vietnam’s overseas investment destinations.